Daily Market Wrap: September 6, 2012 Thursday, September 6, 4:03 PM ET
Some hopeful signs for the economy, including a better than expected jobless claims report, sent stocks higher today as did remarks by ECB President Mario Draghi.
The number of Americans filing for unemployment benefits dropped 12,000 last week, to a seasonally adjusted 365,000, according to the Labor Department.
Meanwhile, the four-week moving average for new claims ticked up to 371,000.
The Institute for Supply Management's non-manufacturing report showed that the pace of growth in the services sector rose to 53.7 in August. That reading was better than economists expected.
The ADP employment report indicates that 201,000 private sector jobs were added in August, while far exceeded the expectation of 145,000 new jobs.
Meanwhile, the number of planned layoffs hit a 20-month low in August, as employers announced 32,239 planned job cuts last month, according to Challenger Gray and Christmas.
Tomorrow, we'll take a look at the all important monthly government jobs report as well as earnings from Kroger (NYSE:
For Marketnewsvideo.com, I'm Sayoko Murase.
Wednesday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: GMO, TRX, PKD, ORIG
Wednesday Sector Leaders: Television & Radio, General Contractors & Builders
Related symbols: SBGI, QVCA, TOL, NWHM
Tuesday Sector Laggards: Paper & Forest Products, Biotechnology Stocks
Related symbols: RTK, ASPN, CDTX, MNTA
Wednesday's ETF with Unusual Volume: IOO
Related symbols: IOO, GE, INTC, DOW
Wednesday's ETF Movers: MCHI, GDX
Related symbols: NTES, BABA, AU, HMY, GDX, MCHI
XBI, JPNL: Big ETF Outflows
Related symbols: XBI, JPNL, ARIA, CLVS
Daily Dividend Report: DHR, ETN, XEL, MIC, AGO, DE
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Daily Dividend Report: HD, NEE, AET, WMB, PEG, GPC
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Daily Dividend Report: MPW, NHI, XRAY, XL, ABT, NKE, FDX
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Daily Market Wrap: September 6, 2012
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